The current crisis is distinct from previous crisis episodes because this crisis affects a large set of European countries that are highly integrated via trade and financial channels, and, because the magnitude of economic policies implemented is unpreced
For nearly 40 years, governments in the majority of industrialised countries have conducted fiscal policies based on Keynesian principles: in times of economic contraction, they have increased public spending.
U.S. housing sales, retail sales and job numbers strengthening - Germany, Italy and Spain showing signs of economic improvement - Growth in China expected to exceed 7.5 per cent in 2013 - Canadian investors seeing better returns on equities
Sterling’s sharp fall has outstripped our bearish forecast for the year. And with UK policymakers indicating support for further weakness, we now see the pound falling further, to $1.48 by year end.
The financial crisis has been “little more than a blip” for London bankers who were being paid more three years after it hit than before and were more likely to be employed than other workers, a report has found.